If X Is a Normal Random Variable with Mean 6

question 72

Multiple Choice

If X is a normal random variable with mean 6 and standard deviation 3.0, then find the value x such that P(Z < x) is equal to .86, as shown below.(Note: the diagram is not necessarily to scale.)

• A)9.24
• B)7.32
• C)6.66
• D)6.00

---

Definitions:

Average Cost Formula

A mathematical calculation used to determine the average cost per unit of inventory by dividing the total cost of goods by the total number of units available.

Ending Inventory

The total value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting cost of goods sold.

Perpetual Inventory System

An inventory management method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.